This property offers strong rental income and excellent future potential in the heart of Nanaimo’s Old City. The current dwelling features eight individual studio units with shared bathrooms and laundry facilities, grossing over $6,100 per month in rental revenue. The property is comprised of two separately titled lots, providing an exceptional opportunity for future development—build an additional dwelling on the second lot (details to be confirmed with the City of Nanaimo). Convenient lane access adds further flexibility. Centrally located near downtown amenities, transit, and the waterfront, this property is an ideal addition to any investment portfolio. The home is listed on the heritage register as a non-protected property; it was originally the Dykes Residence. The current use with cooking facilities in each unit has non-conforming status, see more info from City on supplements. All data & measurements are approximate and must be verified if fundamental.More details
This property offers strong rental income and excellent future potential in the heart of Nanaimo’s Old City. The current dwelling features eight individual studio units with shared bathrooms and laundry facilities, grossing over $6,100 per month in rental revenue. The property is comprised of two separately titled lots, providing an exceptional opportunity for future development—build an additional dwelling on the second lot (details to be confirmed with the City of Nanaimo). Convenient lane access adds further flexibility. Centrally located near downtown amenities, transit, and the waterfront, this property is an ideal addition to any investment portfolio. The home is listed on the heritage register as a non-protected property; it was originally the Dykes Residence. The current use with cooking facilities in each unit has non-conforming status, see more info from City on supplements. All data & measurements are approximate and must be verified if fundamental.More details
Premium third floor office space available for lease in downtown Nanaimo allowing easy walking distance to restaurants, transportation, the waterfront and shopping. The unit is ideal for showcasing your business to clients and new prospects alike. The 6 storey building is elevatored and fully air conditioned. Triple net includes gas, electricity, water/sewer, taxes, janitorial and supplies, garbage removal and building maintenance.More details
Riverstone Place is situated at the end of a quiet street and within a stones throw of Barsby Park and Millstone River. This 1 bedroom condo is within a pleasant walk of downtown Nanaimo and all it's attractions and amenities. Enjoying a southerly exposure the large picture windows let in ample natural light and the balcony begs for a bistro table and coffee in the mornings. A perfect combination of parklike surroundings with the convenience and excitement of downtown living. Situated on the 3rd floor this 4 year old home offers an open plan floorplan, well planned kitchen with breakfast bar and in suite laundry. With low property taxes, reasonable strata fees and attractively priced this home offers a lot in terms of value and lifestyle.More details
Listed by Royal LePage Parksville-Qualicum Beach Realty (PK)
This 2,750 Sq Ft property has great street visibility heading into downtown Nanaimo from Nicol Street. The space consists of two large grade level bay doors, a customer reception area and a good amount of parking. It was last used as glass repair shop. The units comes with a good amount of off-street parking. The building includes a full basement that is included at no additional cost.More details
Seller is wanting to retire, Rare opportunity to own an affordable and flourishing business and grow your income! Having been in operation for over 26 years, this boutique-styled wellness spa has a well-established client base and supplier network, and is staffed with an experienced team of professionals. Located in thriving downtown commercial district; gated parking area; affordable lease in place. All equipment includedMore details
PRICED TO SELL! Exceptional opportunity to acquire two contiguous parcels totaling over 15,000 sq. ft. in the heart of Downtown Nanaimo with DT5 zoning supporting mixed-use and higher-density development. The building offers approx. 3,092 sq. ft. of improved space, including 2,192 sq. ft. on the main floor and 900 sq. ft. in the basement. The main level features three 2-piece washrooms, a lounge with custom bar, kitchen and cabinetry, and a two-tier dining area. The basement includes two offices, a 2-piece washroom, storage rooms, and utility/crawlspace. Exterior features include a 408 sq. ft. front deck with pergola and 304 sq. ft. side deck, while the adjoining lot provides gravel parking or expansion potential. Ideal to rebuild a restaurant or reimagine for medical, dental, veterinary, or professional use—all in a walkable, transit-connected downtown location steps from the waterfront. Contact listing agent for more details.More details
Here is your chance to invest in yourself and your future. This 2 bedroom bungalow has a large yard that includes a workshop, has a 2 year old roof and has had a complete Island Basement Systems application done at no small cost in the crawlspace. This quiet street is a great location for a rental with public transportation nearby or could easily be a terrific first purchase that could gain equity fairly quickly with a few simple cosmetics. All you need is just a little vision and you too can own a piece of this fast growing island that continues to rise in value. With a large open concept kitchen, good sized bedrooms with plenty of built-ins as well as a wealth of storage in the crawl, you shouldn't miss out on this opportunity. Call today!More details
Investor Alert – Income Property in Central Nanaimo! Located in the heart of Nanaimo’s historic Old City, this versatile property offers rental potential and zoning flexibility (R14 – Old City Low Density/Fourplex). The updated main level features charming character with 2-bedroom, 1-bath main living & peek-a-boo ocean views from the back deck. Downstairs there are four bedroom/studio-style rental units, each with its own entrance and 2-piece bath (no kitchens), shared laundry and shower facilities and common room, perfect for rental income, student housing or group home arrangement. Set in an established neighbourhood of character homes, within easy access to Vancouver Island university, Bowen Park, downtown, waterfront, transit, amenities & more. A rare opportunity to generate multiple income streams while you live on the main level and rent the rest!More details
Listed by Pemberton Holmes Ltd. (Ldy) and Pemberton Holmes Ltd. (Lk Cow)
COMMERCIAL - RESIDENTIAL MIXED USE DEVELOPMENT SITE OFFERED WELL BELOW ASSESSED VALUE - Commercial, Residential, multi-family, live/work, mixed use development property located in a commercial and residential area of the Old City quarter ready for your development ideas. Newly constructed neighbouring townhome development with a small commercial component has enhanced the neighbourhood creating a close knit community vibe suitable for young professionals, families, university students and seniors. The site is zoned DT11 providing for personal services, professional offices, multi-family, duplexes, townhomes, residential low scale development up to 3 stories with minimal setback requirements. The location is prime for ease of accessibility to VIU or downtown via walking, bike, driving or public transportation. Substantial vendor financing is available at attractive terms and rates for a qualified buyer.More details
Listed by Macdonald Commercial Real Estate Services Ltd.
Prime multifamily, commercial, mixed use development site in the heart of downtown Nanaimo. Elevated ocean, city and distant coastal mountain view site offered in a prominent, desirable location at the corner of Wallace and Fitzwilliam Street. Zoned DT2, multiple commercial and residential uses are permitted with 100% site coverage with a maximum height of 4m. This unique property offers high visibility on the main corridor connecting downtown Nanaimo, the waterfront, seawall, seaplane terminal, Inland Island Highway, VIU, Ice Centre and Aquatic Centre. The site neighbours Wesley Quarter with destination dining options, shops, and professional office buildings. Directly across the road is Bastion Bridge meandering to the city centre shopping, dining, hotel and entertainment hub. This is a great site ready for your multi-level project. The seller may consider some vendor financing at attractive rates and terms for a qualified buyer to help see a project through to fruition.More details
Listed by Macdonald Commercial Real Estate Services Ltd.
COMMERCIAL - RESIDENTIAL MIXED USE DEVELOPMENT SITE OFFERED WELL BELOW ASSESSED VALUE - Commercial, Residential, multi-family, live/work, mixed use development property located in a commercial and residential area of the Old City quarter ready for your development ideas. Newly constructed neighbouring townhome development with a small commercial component has enhanced the neighbourhood creating a close knit community vibe suitable for young professionals, families, university students and seniors. The site is zoned DT11 providing for personal services, professional offices, multi-family, duplexes, townhomes, residential low scale development up to 3 stories with minimal setback requirements. The location is prime for ease of accessibility to VIU or downtown via walking, bike, driving or public transportation. Substantial vendor financing is available at attractive terms and rates for a qualified buyer.More details
Listed by Macdonald Commercial Real Estate Services Ltd.
